Mitra Energy’s Vietnam subsidiary began a 3D seismic survey acquisition offshore Vietnam at Block 127 that will cover a full-fold area of 533sq km. Map of Block 127. From Mitra. The…
The International Well Control Forum (IWCF) appointed David Conroy as its first chief technical officer (CTO). Based at the organization’s UK headquarters, Conroy will be developing this new role to lead changes to the technical aspects of IWCF’s services…
In a new two-part study, Wood Mackenzie explores the implications of the current low oil price for upstream fiscal terms. Governments dependent on oil taxation income are wrestling with lower oil revenues for public spending and pressure from oil and gas companies for more lenient terms…
EMAS AMC’s subsea construction vessel, the Lewek Constellation, established an industry record for pipelay in the US Gulf of Mexico (GoM) in 7368ft (2246m) of water during her sea trials. The Lewek Constellation…
The former chief executive officer (CEO) of Transocean, Steven Newman, was appointed as a director at Malaysia-based Bumi Armada Berhad effective 1 July 2015. Newman. Image from Transocean. Newman will be an independent director…
A former high-ranking BP executive, David I. Rainey, has been acquitted of charges relating to the 2010 Deepwater Horizon accident. On Friday, the US District Court for the Eastern District of Louisiana dismissed charges that Rainey,…
Penspen underlined its commitment to growth in the Middle East with three new appointments and investment in a new office in Iraq. Ahmed Al-Dadah and Na’el Barghouthi have this month joined the company from other engineering providers…
After some tough international competition, Statoil chose the Kvaerner/KBR joint venture to take on the US$849 million (NOK 6.7 billion) contract for the complete delivery of the platform topside to the Johan Sverdrup field development in the North Sea…
The success of MeyGen will help lay the ground work for the future of the tidal power industry. The CEO of the company behind it, Atlantis Resources, believes he has the recipe for success. Elaine Maslin reports. Tim Cornelius…
Seanic Ocean Systems has successfully field tested its electric torque tool. The client, a major oil company in the Norwegian sector of the North Sea, has reported highly accurate performance of the torque tool and innovative design features over the course of several jobs…
NorSea Group (UK) has established a new executive team to lead the company’s growth in Scotland. Walter Robertson has been appointed managing director while Mike Munro becomes the company’s first operations director. Walter has 30…
Chevron's Erskine field has restarted production after being shut-in since September last year while a major upgrade was carried out on BG Group's Lomond facility, which it exports production through. Before the shut-down, the field was producing about a quarter of what is able to…
Shell Todd Oil Services (STOS) is a step closer to its latest drilling program on the Māui field offshore New Zealand. New Zealand's Environmental Protection Authority (EPA) has given a 35-year marine consent to the company, a joint venture between Shell and Todd Petroleum Mining…
Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…
Construction of Subsea 7’s heavy construction vessel, the Seven Arctic, is proceeding on schedule with the vessel targeted for delivery in 2016. The vessel, which is in dry dock at Hyundai Heavy Industries in South Korea, is being readied…